Tuesday, July 21, 2009

[2009.07.20] Cacola Profit Warning

Source: sgx

"The Group expects the recent onset of the global financial crisis to continue to
affect consumers’ demand for furniture products in both the local and overseas market.

In addition to the closures of existing specialty stores by the Group in the previous quarters due to an increase in business risk, the Group also expects to continue to face difficulties in attracting new distributors to launch new specialty stores. As such, the Group is likely to incur a loss for 2Q2009 as compared to the previous corresponding period."

Action taken: Nothing, but just wait till I have time to analyze other stocks for opportunities.

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